Event Description
The Company has received a Notice for Pre-Institution Mediation from the Mumbai District Legal Services Authority. The notice was received by email on June 22, 2026.
Legal Context
The mediation notice is in relation to a claim lodged by Makharia Machineries Pvt. Ltd. under Section 12A of Chapter IIIA of the Commercial Courts Act, 2015.
Mediation Requirements
The Company is required to appear, either in person or through its authorized representative/counsel, before the Mediation Centre, Mazgaon Court, Mumbai on July 2, 2026 at 11:00 A.M.
Claim Details
The claim pertains to alleged outstanding dues, together with interest thereon, in respect of supplies made by Makharia Machineries Pvt. Ltd. to the Company.
Financial Details
- Total amount claimed: ₹3,10,814/-
- Principal amount: ₹2,62,492/-
- Interest claim: ₹48,322/-
Company's Position
The Company states that the entire principal amount of ₹2,62,492/- has been paid to Makharia Machineries Pvt. Ltd. and is awaiting confirmation from the creditor. The balance claim pertains to interest and related amounts.
Company Action
The Company is taking appropriate steps in the matter and shall participate in the mediation proceedings as required.
Financial Impact Assessment
Based on the current assessment, the Company states there is no material adverse impact on the financials, operations or other activities of the Company. The matter is presently at the pre-institution mediation stage.